Spreadbetters expected a mixed open for European shares, with Britain's FTSE seen dipping on some nervousness as British Prime Minister David Cameron holds "now or never" talks to keep his country in the European Union.

Germany's DAX and France's CAC were forecast to open a touch higher.

Crude oil remained the main market driver. U.S. crude was up 2.1pc at $31.34 a barrel following a 7pc jump on Wednesday after Iran voiced support for a Russia-Saudi-led move to freeze production to deal with the market glut that had pushed prices to 12-year lows.

"While there has been some confusion as to whether 'support' equals action, oil traders are simply relieved that the world's fourth-largest holder of oil reserves is willing to cooperate," wrote Kathy Lien, managing director of FX strategy at BK Asset Management.

"Recovering oil prices have set the stage for an accelerated rebound in global stocks, while minutes from the FOMC supported the mood," said Rhoo Yong-seok, a stock analyst at Hyundai Securities.

Minutes of the January Federal Open Market Committee (FOMC) meeting released on Wednesday showed that policymakers worried about tighter global financial conditions hitting the U.S. economy and considered changing their planned path of interest rate hikes in 2016.

In currencies, the greenback dipped against the yen and euro on dovish comments from a top Fed official.

It would be "unwise" for the central bank to continue hiking rates given declining inflation expectations and recent equity market volatility, St. Louis Fed President James Bullard said late on Wednesday in comments that mark a stark change of direction for one of the Fed's more hawkish inflation foes.

The dollar slipped 0.1pc to 113.98 yen, putting further distance between a peak of 114.875 touched earlier this week. The euro nudged up 0.1pc to $1.1137.

The Canadian dollar touched a two-week high of C$1.3655.

The Australian dollar, another commodity-linked currency, was down 0.4pc at $0.7153 with weaker-than-expected local employment data slicing off a chunk of its overnight gains made on rallying oil.

Spot gold was nearly flat at $1,2089.00 an ounce. The precious metal had managed to snap a three-day losing streak on Wednesday after the Fed's meeting minutes showed policymakers had considered altering their rate hike path.

As the Fed embarked on its first rate hike in a decade late last year, the prospect of higher interest rates weighed on non-yielding gold and pushed prices to near six-year lows. But the metal rebounded to a one-year high of $1,260.60 an ounce last week in the wake of the turmoil in global markets.

In debt markets, higher equities and encouraging U.S. housing and industrial output data pushed the benchmark 10-year Treasury yield to a 9-day high of 1.8470pc US10YT=RR on Wednesday. The 10-year note yielded 1.8104pc in Asia.